Coated flat steel prices in Turkey were stable this week, with demand showing little strength in the local and export markets, sources told Metal Bulletin on Friday January 19.Demand was weak because the buyers wanted to see whether prices would fall, producers said.Domestic pricesIn Northern Turkey, 0.50mm gauge hot-dipped galvanized coil (HDG) was on offer at $795-800 per tonne ex-works from one...Read More
Most flat steel prices in Turkey's domestic market were stable this week, while import prices have decreased, market participants told Metal Bulletin on Friday January 19.Local producers are accepting orders for March and early-April production, but demand was not strong this week because buyers wanted to wait to see whether the price increases will continue. Besides, retail prices fell this week,...Read More
Import prices for flat steel products in South America fell this week, amid renewed trading activity.Metal Bulletin's weekly price assessment for hot-rolled coil (HRC) imports into the region fell to $610-615 per tonne cfr on Friday January 19, down from $615-620 per tonne cfr.The price assessment of imported cold-rolled coil (CRC), meanwhile, was $650-660 per tonne cfr, down&...Read More
Domestic prices for rebar in Poland have increased again over the past week on higher production costs, sources told Metal Bulletin on Friday January 19.Metal Bulletin's weekly price assessment for domestic 12mm B500B-grade rebar in Poland was 2,320-2,350 zloty ($680-689) per tonne ex-works on January 19, compared with 2,240-2,300 per tonne ex-works a week earlier.The assessment reflected deals an...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Iron ore prices ended the week on the rise, after some falls over the period. Metal Bulletin's 62% Fe Iron Ore Index hit $76 per tonne on Friday, boosted by gains in China's futures market.Buyers of seaborne coking coal are waiting on the market sidelines in expectation of lower prices in the weeks ahea...Read More
Indian local secondary billet prices were showing signs of weakness on Friday January 19 despite making a week-on-week gain of 400 rupees ($6) per tonne.Prices for Indian domestic secondary billet, mainly produced in induction furnaces, ended the week at 32,300-32,500 rupees ($506-509) per tonne ex-mill. This was an increase of 400 rupees per tonne compared with Metal Bulletin's assessment last we...Read More
The UK inter-merchant price range for austenitic alloy steel scrap fell by ?40-60 per tonne this week as both the US dollar and nickel prices weakened, sources said on Friday January 19.Metal Bulletin's weekly price assessment for inter-merchant 18/8 scrap solids in the UK was ?900-940 ($1,247-1,302) per tonne delivered on Friday, compared with ?960-980 per tonne on January 12.The London Metal...Read More
The scrap prices in the major markets, other than the United States, have softened in line with weak demand from Turkish steel producers during the working week from Monday January 15 to Friday January 19.However, the US market was also expected to follow the trend, with Baltic Sea and European suppliers having already agreed to sell material to Turkey at lower prices at the end of the week.Turkey...Read More
Prices for containerized imports of ferrous scrap into India fell this week, with negative sentiment and a drop in demand weakening the market, sources told Metal Bulletin on Friday January 19.Indian import scrap markets achieved their highest prices for more than three years a fortnight ago, but the market undid those gains after a sharp decline in buying activity in Pakistan.Metal Bulletin's ind...Read More
Brazilian slab export prices rose this week due to increased demand for the material in different regions and continued high costs for iron ore.Metal Bulletin's weekly assessment of Brazil export slab prices was $530-540 per tonne fob on Friday January 19, up from $510-520 per tonne fob a week earlier.Several market participants confirmed that most March-shipment volumes have been...Read More
Indian local secondary billet prices were showing signs of weakness on Friday January 19 despite making a week-on-week gain of 400 rupees ($6) per tonne.Prices for Indian domestic secondary billet, mainly produced in induction furnaces, ended the week at 32,300-32,500 rupees ($506-509) per tonne ex-mill. This was an increase of 400 rupees per tonne compared with Metal Bulletin's assessment last we...Read More
China domestic rebar prices strengthened again on Friday January 19 on gains in the futures and billet markets. Domestic Eastern China (Shanghai): 3,800-3,850 yuan ($591-599) per tonne, up 20-40 yuan per tonne Northern China (Beijing): 3,820-3,850 yuan per tonne, up 20-30 yuan per tonne Rebar futures as well as billet prices rose during the day, which pushed up spot prices for the long steel produ...Read More
European stainless steel base prices for grade-316 cold-rolled (CR) sheet have widened downward by ?,?15 per tonne, sources told Metal Bulletin on Friday January 19.Metal Bulletin's weekly base price assessment for domestic grade-316 CR stainless steel widened week-on-week to ?,?1,345-1,430 ($1,644-1,748) per tonne delivered in Europe on Friday, compared with ?,?1,360-1,430 per tonne delivered in...Read More
China's domestic stainless steel prices continued to trend downward over the past week amid high selling interest coupled with soft demand. Metal Bulletin's assessment of prices for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,500-15,200 yuan ($2,256-2,365) per tonne including VAT for the week ended Thursday January 18, down 200 yuan per tonne a week earlier. Steel.....Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Iron ore prices ended the week on the rise, after some falls over the period. Metal Bulletin's 62% Fe Iron Ore Index hit $76 per tonne on Friday, boosted by gains in China's futures market.Buyers of seaborne coking coal are waiting on the market sidelines in expectation of lower prices in the weeks ahea...Read More
An alleviation of supply concerns in the seaborne coking coal market has led to prices for the steelmaking raw material starting to retreat this month, but just how low they fall will be determined by how quickly demand rises over the next few weeks when Chinese buyers make an expected return.Fixed-price spot transactions in the seaborne premium hard coking coal market have been scarce in recent w...Read More
Aluminium billet premiums in the United States jumped, some premiums in Asia were lower, and the Germany premium in Europe widened upward.The aluminium three-month price on the London Metal Exchange closed at $2,219 per tonne.The spread between the three-month and cash price was in a $1.50 contango per tonne after touching a $6 backwardation earlier in the week.The US 6063 spot billet upcharge has...Read More
Brazilian slab export prices rose this week due to increased demand for the material in different regions and continued high costs for iron ore.Metal Bulletin's weekly assessment of Brazil export slab prices was $530-540 per tonne fob on Friday January 19, up from $510-520 per tonne fob a week earlier.Several market participants confirmed that most March-shipment volumes have been...Read More
Domestic prices for rebar in Poland have increased again over the past week on higher production costs, sources told Metal Bulletin on Friday January 19.Metal Bulletin's weekly price assessment for domestic 12mm B500B-grade rebar in Poland was 2,320-2,350 zloty ($680-689) per tonne ex-works on January 19, compared with 2,240-2,300 per tonne ex-works a week earlier.The assessment reflected deals an...Read More
European stainless steel base prices for grade-316 cold-rolled (CR) sheet have widened downward by ?,?15 per tonne, sources told Metal Bulletin on Friday January 19.Metal Bulletin's weekly base price assessment for domestic grade-316 CR stainless steel widened week-on-week to ?,?1,345-1,430 ($1,644-1,748) per tonne delivered in Europe on Friday, compared with ?,?1,360-1,430 per tonne delivered in...Read More